Microcontroller Market was valued at $9.80 billion in 2016 and is projected to reach $18.88 billion by 2024, having a CAGR of 8.6% during the forecast period of 2017 to 2024. The 32-bit microcontroller segment generated the highest revenue share in the global microcontroller market.

Microcontroller is a computer chip that controls most of the complex electronic devices people use every day. It is a self-contained system with peripherals, memory and a processor and is explicitly used as an embedded system. A major share of programmable microcontrollers which are used today, are embedded in other consumer products or machinery such as phones, peripherals, automobiles and other home appliances for computer systems. Microcontrollers are available in different types and memory, as per the requirement, such as, 8GB, 16 GB and 32GB. They are widely used for applications such as automobile engine, control systems and medical devices

Since a couple of decades a rapid surge in the growth of automotive industry has been witnessed and is expected to continue with the same pace. This will act as a major driving factor for the growth of the microcontroller market as they are highly used in automobiles for providing higher degree of automation to them. Moreover, decreasing prices of microcontrollers and constantly rising demands for electronic medical devices are also expected stimulate the market growth. In addition to this, increasing awareness regarding environment and energy efficiency has led to the emergence of electric vehicles. The extensive usage of microcontrollers in such vehicles is expected to fuel the market pace in the near future. As per the data declared by International Energy Agency, total number of electric cars in 2017 will cross 1.8 billion units. However, high rivalry situations, operational failure and macroeconomic conditions may hamper the market growth.

Request Sample Copy of the Report@  https://www.esticastresearch.com/market-reports/microcontroller-market/request-sample

The global microcontroller market is segmented on the basis of product type, application, and geography. On the basis of product type, the market is segmented as 8 bit, 16 bit, and 32-bit microcontrollers. By, application, the market is categorized as automotive, industrial, consumer goods, computer, and communications. Geographically, the market is segmented as North America, Europe, Asia-Pacific and Rest of World. 32-bit microcontrollers led the global microcontroller market in 2016 and are expected to lead it throughout the forecast period. Asia-Pacific is the largest growing market in terms of microcontrollers. This is because of the emerging nations largely investing in the electronic segment. Countries like China, Japan, India, and Taiwan are the rapidly growing micro controller technologies which will lead the global market in the future as well.

Some major market players of the market are Renesas Electronic Corporation, Microchip Technology Inc., NXP Semiconductor N.V., Texas Instrument Incorporated, STMicroelectronics, Infineon Technologies AG, Fujitsu Semiconductor Limited, Cypress Semiconductor Corporation, ARM Ltd., and Panasonic Corporation.

By Application
   • Automotive
   • Industrial
   • Consumer Goods
   • Computer
   • Communications

By Product Type
   • 8 bit
   • 16 bit
   • 32 bit

By Geography
   • North America
   • Europe
   • Asia Pacific
   • Rest of World

Request for Customized Report @ https://www.esticastresearch.com/market-reports/microcontroller-market/request-customise-form

About Esticast Research &Consulting :

Esticast Research & Consulting is a research firm providing research reports on various industries with a unique combination of authenticity, extensive research, and infallibility. We provide syndicated market research reports, customization services, and consulting services to help businesses across the world in achieving their goals and overcoming complex challenges. We specialize in providing 360 degree view of the markets to assist clients in determining new opportunities and develop business strategies for the future with data and statistics on changing market dynamics.

Esticast Research & Consulting has expert analysts and consultants with an ability to work in collaboration with clients to meet their business needs and give opportunities to thrive in a competitive world. A comprehensive analysis of industries ranging from healthcare to consumer goods and ICT to BFSI is provided by covering hundreds of industry segments. The research reports offering market forecasts, market entry strategies, and customer intelligence will help clients across the world in harnessing maximum value on their investment and realize their optimum potential.

Contact

Esticast Research & Consulting

Address:Sr. No.8/2A/1, Vitthal Heights, Above Yashwant, Kharadi, Pune-411014

Tel: +91-20-65606016

Email: help@esticastresearch.com

Website:www.esticastresearch.com/